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Apple supplier Foxconn's Q4 profit jumps 33% y/y, beats forecasts
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Apple supplier Foxconn's Q4 profit jumps 33% y/y, beats forecasts
Mar 13, 2024 11:50 PM

TAIPEI, March 14 (Reuters) - Apple ( AAPL ) supplier

Foxconn reported on Thursday a 33% rise in

fourth-quarter profit, boosted by strong year-end sales during

the peak holiday season.

The Taiwanese company, the world's largest contract

electronics maker, said net profit for the October-December

quarter rose to T$53.14 billion ($1.69 billion) from T$40

billion in the same period the previous year.

The profit beat a T$43.52 billion LSEG SmartEstimate, which

gives greater weight to forecasts from analysts who are more

consistently accurate.

($1 = 31.5050 Taiwan dollars)

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